Rarely Available Catering Opportunity - Offers Invited - Good Class Licensed Restaurant - Italian Cuisine - 50-75 Covers - Six Bedroom Flat – Hampshire / West Berkshire Border Village - Newbury Area - On-Site Parking & Adjacent Public Car Park
Well sited in a wealthy village community a few miles from the prosperous West Berkshire Market Town of Newbury.
The Spacious XVIIIth Century Cottage Style Grade II Listed Premises with Period Features (approx. 2,340sq.ft. business space) are held on a lease, the current term having about 3 years unexpired, at a passing rent of £35,000 per annum exclusive of rates (discussions are in hand with the Landlord with regard to a longer term).
The Premises are approached via a Walled Courtyard area with on-site parking for six / eight cars and direct pedestrian access gateway from adjoining large public car park.
Entrance Foyer / Bar Lounge. Spacious Restaurant. Fully Equipped Commercial Kitchen. Two Walk-In Coldrooms. Ladies & Gents Cloakroom.
At First Floor Level:- Wine Cellar. Office.
Very Spacious Self-Contained Flat above:- Diner / Kitchen. Five Bedrooms (three double / two single). Bathroom. Separate Shower Cloakroom. All good sized rooms. Gas fired central heating.
Outside:- Walled Courtyard. Two Spacious Garage / Stores. On-site parking for up to eight cars and gated pedestrian access from adjoining public car park.
Main Services Installed.
The business has been established for some 30 years and in the present ownership for the past 12, now for sale due to vendor’s serious ill health forcing recent closure.
We are advised the last Account figures show annual Turnover of £340,000 ex VAT (i.e. £7,500-£8,000 weekly inc VAT). Average spend:- Evening a la carte £40.00-£50.00 per head. Set 3 course lunch £16.95 per head.
Regrettably due to ill health the owner has bee unable to continue trading and has been forced to close the business in late May 2018.
Price required for lease, tenants’ fittings, fixtures, utensils & equipment:- £49,500 - Serious Offers Invited - Subject to Contract - Stock at Valuation (Liquors, etc.). NB. Freehold possibly available by separate negotiation if desired.